By Bidya Sapam
Emami Group has formed a partnership with Mumbai-based real estate firm Sheth Corp to develop a luxury residential project at Mumbai’s Mulund suburb. Kolkata-based Emami has invested Rs350 crore for a 50% stake in the project, said a press release issued by both the firms The luxury project ‘Montana’ is… Read more »
Singapore’s largest developer CapitaLand is in exclusive talks to acquire the Asia Square Tower 2 in Singapore’s Marina Bay from top global asset manager BlackRock Real Estate Fund III, the Mingtiandi reported. Pegged at $2.34 billion, the 46-storey tower stands on 1,220,000 square foot (113,350 square metre). It is on… Read more »
Mapletree Investments Pte Ltd announced on Tuesday that it successfully raised $535 million for its Mapletree Global Student Accommodation Private Trust (MGSA P-Trust).
The value of the deal is reportedly $195 million.
A Blackstone Group LP and M7 Real Estate Ltd venture agreed to acquire Hansteen Holdings Plc’s continental European properties as an improving economy boosts demand for logistics assets. The Onyx venture will pay about €1.3 billion ($1.4 billion) to Hansteen for the properties in Germany and the Netherlands, London-based Hansteen… Read more »
Global investment firm Blackstone Group Lp’s India subsidiary Nexus Malls is set to launch its first shopping mall in the country in Seawoods, Navi Mumbai, expanding its retail portfolio. Blackstone had bought about 1 million sq. ft of retail space in the Seawoods Grand Central Mall in 2016 from L&T… Read more »
Chinese conglomerate HNA Group Co. is leading a deal to acquire Manhattan’s 245 Park Ave. for $2.21 billion, one of the highest prices ever paid for a New York skyscraper, two people with knowledge of the negotiations said. HNA may be involved with at least one partner on the purchase,… Read more »
“This move is intended to provide balance to counteract some of the fluctuations in the chemical trading business and at the same time grow and diversify the company’s income streams,” said SBS Philippines president and CEO Gerry Tan.
Singapore-based developer Keppel Land has increased its ownership in Keppel Land WATCO I to V, by purchasing another 16 per cent equity from the Vietnamese JV partner, Southern Waterborne Transport Corporation. Keppel Land WATCO are a series of joint venture companies that are involved in development of Ho Chi Minh City-based… Read more »
JLL’s realty venture arm is going to make 3 investments soon.